Introduction: prosperity with inequality in the age of globalization -- Widening income and wealth gap in United States -- Rising prosperity and widening inequality in the People's Republic of China -- Democracy, prosperity, and inequality in India -- Prosperity with equality: future directions

Since the 1991 balance of payments crisis, India has embarked on an ambitious program of economic liberalization. Over the past decade the Indian government has introduced a series of far-reaching reforms that have transformed the once closed economy. This paper examines the policy reforms and...